Why China’s war on deflation is faltering in real time
NEW YORK – Earlier hopes that China had beaten deflation took a hit this week. China’s consumer prices rose just 0.5% year-on-year in July, down from June’s 1% rate — the slowest pace in six months and the third straight month of deceleration, despite surging energy prices amid Strait of Hormuz disruptions. Producer prices slowed […] The post Why China’s war on deflation is faltering in real time…
We haven't written up this one. Asia Times has the full story — the link below goes straight to it.
